AICA – Excellence Beyond Indexing

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Insight2016-08-01T14:51:33-04:00

Roosevelt’s Konrad talks closed-end fund’s value-investing edge

February 28th, 2020|Comments Off on Roosevelt’s Konrad talks closed-end fund’s value-investing edge

Rick Konrad, director of value strategies at The Roosevelt Investment Group says that closed-end funds have some natural advnatages over traditional mutual funds and ETFs when it comes to investing with a value bent, and while he uses all of the various types of investments...

Muni bonds and preferred stocks are key closed-end income picks

February 21st, 2020|Comments Off on Muni bonds and preferred stocks are key closed-end income picks

John Cole Scott, chief investment officer at Closed-End Fund Advisors and executive chairman of the Active Investment Company Alliance, joins the podcast today to talk about a very popular type of closed-end asset -- municipal bonds -- and one that has been trending...

Convertible securities play multiple roles in portfolios and closed-end funds

February 14th, 2020|Comments Off on Convertible securities play multiple roles in portfolios and closed-end funds

Tony Huang, associate portfolio manager for the Advent Convertible and Income Fund, discusses the compelling reasons to add convertible securities -- a hybrid security that can act like either a stock or bond -- to a stock portfolio, noting that the flexibility of the security helps to mitigate risk...

21Dec, 2023

AICA Panel: Interval Funds Make Special Situations Credit, Late-Stage Venture Investing a Retail Reality

By |December 21st, 2023|2023 Fall Roundtable, Articles|

Investing in late-stage venture capital, or investments that occur after a venture-backed company has demonstrated viability and may be looking to sell or go public, is increasingly open to nonaccredited investors thanks to the structure of interval funds, a leadership panel at AICA’s 2023 Fall Roundtable said. Interval funds also present an upside opportunity for those seeking portfolio diversification, experts from Destra, Liberty Street Advisors, and Brookfield said at the November 15, 2023, event in New York City.

21Dec, 2023

AICA Panel: CEF Structure, Discounts Offer Investors Enhanced Yield

By |December 21st, 2023|2023 Fall Roundtable, Articles|

With closed-end funds (CEF) currently trading at a discount to NAV, a panel of leading asset managers at AICA’s 2023 Fall Roundtable said the closed-end nature of income-oriented CEFs offers investors enhanced yield and income generation due to those discounts. CEF investment strategies focused on value-oriented companies and private infrastructure could serve investors well, experts from Thornburg Investment Management, abrdn, and Brookfield said at the November 15, 2023, event in New York City.

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Disclosure: This content is provided for informational and educational purposes only and is intended solely as a summary of the views expressed. The opinions expressed are those of the speakers and/or presenters as of the date of the content, are their own opinions, may not be the opinions of AICA and are subject to change without notice.

The information contained herein should not be construed as investment advice, a recommendation to buy or sell any security, or an offer to provide advisory services.

References to specific securities, sectors, investment strategies, or market conditions are for illustrative purposes only and do not constitute investment recommendations. Any discussion of investment strategies may not be suitable for all investors, and there can be no assurance that any strategy will achieve its intended objectives.

Listed closed-end funds (CEFs) and business development companies (BDCs) trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor can sell shares at a price greater than or equal to the purchase price, or that a CEF’s or BDC’s discount will narrow or be eliminated. Non-listed closed-end funds and business development companies do not offer investors daily liquidity, but rather on a quarterly or semi-annual basis, often on a small percentage of shares. CEFs often use leverage, which can increase a fund’s risk or volatility. The actual amount of distributions may vary with fund performance and other conditions.

Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Forward-looking statements, expectations, and projections are inherently uncertain, and actual results may differ materially from those discussed.

This content does not take into account the specific investment objectives, financial situation, or particular needs of any individual investor. Prospective investors should consult their financial, legal, and tax advisers before making any investment decision.

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Disclaimer Statement

Active Investment Company Alliance The Active Investment Company Alliance (“AICA”) is a trade association committed to educating and engaging investment professionals and investors about closed-end management companies: listed and non-listed closed-end funds, business development companies, interval funds and tender offer funds. The alliance supports transparency and, therefore, does not allow any agent, employee or representative to personally solicit any investment or accept any monies to be invested in a particular fund or security.

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